TheWaveTrading

TheWaveTrading

Contributor since: 25 Sep 2011

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• SPX: Follow Up of the Short Term EWP

  Published 28 November 2012 | viewed 0 times

  This is a brief update (Tomorrow morning I will not be able to post the daily SPX follow up). Today has been a big day…

• SPX: Follow Up of the Short Term EWP

  Published 28 November 2012 | viewed 0 times

  Despite good news from Europe and good US data SPX failed to clear above Friday's hod extending the up leg from the November 16 lod.…

• SPX: Follow Up of the Short Term EWP

  Published 27 November 2012 | viewed 0 times

  Today I am posting just a brief update since I want to wait for "the dust to settle". In the weekend technical update I mentioned…

• Weekly Technical Analysis

  Published 25 November 2012 | viewed 0 times

  Due to last week impressive achievement by the bulls I have to reassess my scenario that was calling /for the immediate time frame) one more…

• SPX: Follow Up of the Short Term EWP

  Published 22 November 2012 | viewed 0 times

  I still think that at the November 16 low the determining factors that usually "accompany" a major bottom were not fulfilled, I am referring to…

• SPX: Follow Up of the Short Term EWP

  Published 21 November 2012 | viewed 0 times

  Probably, if the scenario that I am working with is the correct one, the "easy money" of being long of the assumed "oversold" bounce has…

• SPX: Follow Up of the Short Term EWP

  Published 20 November 2012 | viewed 0 times

  On Sunday I mentioned: "Therefore the extreme oversold readings of breadth & momentum Indicators + logical level for a short-term bottom (0.618 Retracement) + reversal…

• Weekly Technical Analysis

  Published 18 November 2012 | viewed 0 times

  Today my daughter is playing a tennis tournament therefore the weekend technical update will be shorter. Last Friday I suggested that price was involved in…

• SPX: Follow Up of the Short Term EWP

  Published 16 November 2012 | viewed 0 times

  It is obvious that SPX is now "extremely" oversold. I say "extremely", but keep in mind that it is a relative judgment since extreme oversold…

• SPX: Follow Up of the Short Term EWP

  Published 15 November 2012 | viewed 0 times

  At the end the bearish momentum and breadth indicators (Absence of positive divergence of the RSI and a new lower low of the McClellan Oscillator)…

• SPX: Follow Up of the Short Term EWP

  Published 14 November 2012 | viewed 0 times

  I maintain the short term scenario that calls for an oversold bounce due to oversold momentum and breadth indicators and above all because SPX has…

• SPX: Follow Up of the Short Term EWP

  Published 13 November 2012 | viewed 0 times

  On Sunday I mentioned that since SPX ended last Friday with a Doji candlestick having reached a significant support zone (Long-term horizontal support + 0.5…

• Weekly Technical Analysis

  Published 11 November 2012 | viewed 0 times

  Last Wednesday's price reaction to Obama victory has resulted in a sharp sell off which has broken a significant technical support located at the 200…

• SPX: Follow Up of the Short Term EWP

  Published 09 November 2012 | viewed 0 times

  Going forward I will try to keep my emotions aside since SPX is now inside the target box that should contain the pivot price that…

• SPX: Follow Up of the Short Term EWP

  Published 08 November 2012 | viewed 0 times

  Sorry but today I have personal matters to take care so this is just a brief update. The US presidential election euphoria vanished abruptly aborting…

• SPX: Follow Up of the Short Term EWP

  Published 07 November 2012 | viewed 0 times

  Based on the Technical & Elliot reasons I have been discussing I don't trust this move in risk assets and I expect, once the US…

• SPX: Follow Up of the Short Term EWP

  Published 06 November 2012 | viewed 0 times

  Despite Friday's Engulfing candlestick, yesterday bears did not achieve an impulsive decline from Friday's hod therefore now odds favor a larger corrective wave (B) off…

• Weekly Technical Analysis

  Published 04 November 2012 | viewed 0 times

  Friday ended up being a nasty day for the bulls resulting in a bearish Engulfing candlestick. As you can see in the SPY daily chart…

• SPX: Follow Up of the Short Term EWP

  Published 02 November 2012 | viewed 0 times

  Yesterday bulls removed the uncertainty regarding if price had completed a bullish falling wedge or if it was unfolding a bearish triangle wave (B). Larger…

• SPX: Follow Up of the Short Term EWP

  Published 01 November 2012 | viewed 0 times

  As I have discussed in my last weekend update: The short-term trend is down (From the September 14 high) "In my opinion from the September…